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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Variational Omni against OKX−0.390%7-day average −0.068% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on OKX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.041%−$4 on $10k

Price spread, last 4 days (all we have)+0.265%+$27 · spread now −0.390%, 7d avg −0.068%

Together, before fees+0.225%+ Points / potential airdropVariational Omni: Active · farm board+$22 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.323% cheaper against OKX than usual: you would sell low and buy high, −$32 on $10k if it goes back to its 7-day average of −0.068%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BONK-USDT-SWAP	0.000003619	0.0100	pay 0.0100% / 8h	1h 29m	$3.0M	$13.6M	20x
Short	Variational Omni 1000BONK	0.000003605	0.0100	get 0.0050% / 4h	1h 29m	$338K	$146K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against OKX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee OKXbpFee Variational OmnibpOrdersPrice spread, now −0.390%Rate

Funding earned: $0
Price spread: −0.390% → −0.068%: −$32.28
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$42.28
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 4 min ago; Variational Omni: RFQ quote, 15 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy OKX live order book, 4 min ago	1.37 bp	13.7 bp −$14	70.8 bp −$708	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 15 min ago	5.49 bp	doesn't fit	63.2 bp −$632	doesn't fit	doesn't fit

BONK on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International 1000BONK-PERP-INTX	−0.0016%	1h	0.000003626	+0.193%	$46K	$62K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003607	−0.320%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003608	−0.298%	$25	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−9.533%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003630	+0.316%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003619	+0.014%	$55K	$123K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003632	+0.359%	$60K	$303K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003635	+0.442%	$121K	$138K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003630	+0.310%	$18.8M	$79.5M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003616	−0.072%	$12.5M	$24.6M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BONK-USDT-SWAPlong	+0.0100%	8h	0.000003619	long leg	$3.0M	$13.6M	20x
Gate BONK_USDT	+0.0100%	4h	0.000003632	+0.359%	$966K	$3.4M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003636	+0.470%	$12.1M	$9.2M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003629	+0.282%	$3.1M	$10.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003620	+0.028%	$4.7M	$4.7M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003631	+0.332%	—	$6.5M	—	as long as short
Variational Omni 1000BONKshort	+0.0100%	4h	0.000003605	−0.390%	$338K	$146K	—
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003644	+0.691%	$61K	$706K	25x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003632	+0.359%	$31K	$52K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003642	+0.636%	$2K	$14K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003638	+0.525%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003624	+0.138%	$103K	$131K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003631	+0.321%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003632	+0.359%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0132%	4h	0.000003609	−0.276%	$1.1M	$19.2M	75x	as long as short
Lighter 1000BONK	+0.0176%	1h	0.000003636	+0.470%	$253K	$747K	10x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.3950%	1h	0.000003000	−17.104%	$551	—	100x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.1127%	1h	0.000003637	+0.497%	$25K	$165K	10x	as long as short
Hyperliquid kBONK	+0.1253%	1h	0.000003627	+0.221%	$12.4M	$7.8M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1747%	1h	0.000003645	+0.718%	$56K	$23K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2956%	1h	0.000003653	+0.928%	$225K	$222K	50x	as long as short